On April 28, the fuel subsidy came into force in Guatemala to support the final consumer with Q8 and Q5 per gallon of diesel and gasoline; However, the update on May 5 reveals an increase in the price per gallon.
The Ministry of Energy and Mines (MEM) shared the new table of reference prices for diesel and gasoline, valid from May 5 to 11.
According to the MEM, there is a reference range for the variation in prices to the final consumer.
The subsidy was approved by Congress and sanctioned by President Bennardo Arévalo, with the intention of minimizing the impact of high fuel prices, derived from the war conflict in the Middle East.
According to the calculation mechanism, the terminal sales reference price (Ex-Rack) refers to the cost of sales in the storage terminal, which includes temporary social support and will serve as a reference for supervision, transparency and verification in the marketing of diesel and gasoline.
Terminal prices (Ex-Rack)
In this update, from May 5 to 11, the reference price in terminal (Ex-Rack) for the gallon of superior gasoline is Q36.56, while last week it was Q33.99. The difference is Q2.57.
The cost of regular gasoline will be Q35.56 per gallon; Last week it was Q32.99. The difference is Q2.57. While the diesel will be Q33.16 and before it was at Q31.55. The difference is Q1.61.
Price rises for the consumer
According to the MEM table, in Guatemala City, in the self-service mode, the price of a gallon of premium gasoline is Q39.33, while last week it was quoted at Q36.73. The increase is Q2.60, according to the reference cost.
The price of a gallon of regular gasoline is now Q38.33; Last week it was Q35.76. The increase is Q2.57.
The cost of a gallon of diesel for this week will be Q35.93; Before it was at Q34.32. The increase is Q1.61.
To read more: The MEM already has a budget of Q2 billion to cover the fuel subsidy
These prices vary depending on the departmental capital and municipalities.
The reference ranges for the variation in price to the final consumer consider the distance between storage terminals and service stations.
For self-service and full service, the reference table establishes a difference of Q1 per gallon between both services.
For V-Power and higher gasoline, establish a difference of Q50 per gallon between both products.
While for diesel and ultra-low sulfur diesel, it establishes a difference of Q1 per gallon between both products.
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